Submissions are open for the 2022 Porchlight Business Book Awards!


Wealth Creation is about Better Decisions, not Financial Products

Douglas P. McCormick

May 04, 2016

Share Download

"Simple goal-setting without tools to promote good decision making will not create wealth, and getting into the weeds of buying specific stocks is a diversion best avoided given your limited chances of beating the market. Creating wealth and financial security for yourself and your family is not derived from purchasing specific financial products, but by employing a holistic framework that results in good, consistent decision-making throughout your lifecycle of financial needs. As a professional investor and young professional trying to make sense of my own financial decision making, I realized along the way that many of the financial principles employed by successful companies are also relevant to personal financial planning and management."

We have updated our privacy policy. Click here to read our full policy.